Tag: Courier/Express/Parcels

U.S. Postal Service, FedEx Express Sign Agreement for Domestic Air Transportation Through 2013

Posted by | Aug 1, 2006 | |

FedEx Express, a subsidiary of FedEx Corp., and the U.S. Postal Service (USPS) today announced a new agreement for domestic air transportation of mail through 2013.
The Postal Service and FedEx Express signed a seven-year contract in 2001 for airport-to-airport delivery of mail within the United States. The contract announced today will replace the final two years of that contract and a new seven-year agreement will commence in October of 2006.
The agreement is expected to generate about USD8 billion in revenue over the life of the seven-year contract.
FedEx Express will continue to fly over 4 million pounds of U.S. mail every business day – the equivalent of 40 wide-body DC10 aircraft using existing aircraft and facilities.

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TNT plans to ditch logistics operation

Posted by | Aug 1, 2006 | |

Mail firm TNT has said it expects to sell its underper-forming logistics business in the third quarter.

The news came as the firm reported a 10.7 per cent rise in second-quarter operating profit.

Second-quarter earnings before interest and tax rose to pounds 233.6 million from pounds 211 million the year before, above a median forecast of pounds 222.6 million in a poll of 12 analysts.

Revenue rose 5.8 per cent to pounds 1.81 billion, after sales rose in all business segments.

Chief executive Peter Bakker said: “I am very satisfied with our strong performance in Q2 and the first half of 2006. Our ‘Focus on Networks’ strategy is delivering strong growth and record margins in Express, and robust performance in Mail.

“Based on the strong start to the year, I am pleased that we can upgrade our outlook for 2006. Also, the signing of the Logistics divestment should take place before the end of the third quarter. All-in-all, 2006 is expected to be a strong year for TNT.”

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DPWN financial results for H1 2006

Posted by | Aug 1, 2006 | |

Consolidated revenue rose to EUR 29.3 bn. with all corporate divisions contributing to this increase.
Profit from operating activities amounted to EUR 1.6 bn. in the first half. The cost of integrating our two major acquisitions, Exel and BHW, made its mark on earnings from operating activities as well as net profit, which amounted to EUR 736 mn.
The integration of these two companies is making good headway and progressing as planned.

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Deutsche Post World Net business on target

Posted by | Aug 1, 2006 | |

Consolidated revenue up to 29.3 billion euros in the first half of 2006. Operating profit down slightly to approx. 1.6 billion euros. Exel integration moving ahead fast. Group confirms 2006 EBIT forecast of at least 3.9 billion euros.
For the current year, the Group is expecting revenue of a good 60 billion euros and EBIT of at least 3.9 billion euros. This includes substantial one-time expenses for the integration of Exel and BHW. 2006 revenue for the MAIL Corporate Division is expected to remain stable or rise slightly, while EBIT is forecast at about 2 billion euros. In the EXPRESS Corporate Division, the Group is anticipating single-digit revenue growth in 2006. The operating profit for 2006 should be on a level with the previous year excluding goodwill impairment, i.e. at around 450 million euros. In the LOGISTICS Corporate Division, enlarged by the acquisition of Exel, revenue is expected to exceed 18 billion euros by some margin, with EBIT of at least 700 million euros. In the FINANCIAL SERVICES Division, revenue is forecast to rise, driven in part by the inclusion of BHW Holding AG. This will be accompanied by double-digit growth in operating profit to at least 900 million euros.

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TNT considers selling off unit Freight Management

Posted by | Aug 1, 2006 | |

TNT, the Dutch post group, said yesterday it might sell its freight management activities, in addition to the contract logistics business that a private equity group is close to buying.

The future of the former Wilson business – a Nordic freight forwarding company bought for Euros 257m (Dollars 328m) two years ago – is dependent on synergies with TNT’s express division.

It has been run as partof TNT’s logistics arm, offering air and sea transport as part of supply chain management.

But the decision to sell logistics – where margins have failed to meet expectations – meant the global freight management unit needed to be combined with express activities, which operate on a regional basis.

Linking them and finding savings might therefore prove difficult, said Peter Bakker, TNT chief executive.

He said TNT would publish the result of analysis to determine the potential for synergies in the current quarter. “If that (process) is not successful, then other scenarios open up,” Mr Bakker said, adding that these included selling the business.

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